Azerbaijan, Baku / Trend / Azerbaijani Economic Development Minister, Heydar Babayev met with the delegation headed by the US Economy and Business Assistant Secretary of State, Daniel Sullivan, on 16 August.
According to Babayev, Azerbaijan's economic upturn is underway. In the 2006 economic year $7.6bln was invested into Azerbaijan's economy and in the first half of 2007 $3.1bln was invested. He touched upon Azerbaijan's interest in expanding its relations with the United States.
The development of the non-oil sector, extension of cooperation between entrepreneurs of both countries, as well as the issues regarding Azerbaijan's entering the World Trade Organization (WTO) was discussed at the meeting.
Sullivan noted the US' readiness to assist in development of relations between the two countries. US Ambassador to Azerbaijan, Anne Derse, was also in attendance.